How do sellers receive payment on Fiverr? For example, when a job is done, do I pay Fiverr who then pays the seller?

I’ve been on the platform for over 2 years now. I was surprised to learn the following

Fiverr takes a 20% commission from both buyer and seller. That’s $1 for every $5.

Suppose I complete a gig that was priced for $100.

The buyer has to pay $120 to Fiverr (20% more than $100)

Fiverr pays me $80 (20% less than $100)

Fiverr takes the $40 as commission….. is it just me or is that a lot?

Anyways, coming back to Fiverr paying you. you will receive the $80 directly to your bank account, PayPal account or Payoneer account (your choice).

If everything is alright, you’re money should be available for withdrawal within 14 days time.

PS: Many sellers still don’t know much about the dynamics of the payment and how much Fiverr takes as commission (a lot!). Do share this so that no Fiverr seller has to be surprised when they receive $80 instead of $100!